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Puravankara stock skyrockets 10% after acquisition of 53-acre land parcel in Bengaluru with ₹4,800 Cr GDV

Puravankara Limited acquired a 53.5-acre land parcel in Bengaluru’s Anekal Taluk with 6.4 msft saleable area and potential gross development value over Rs 4,800 crore.

Introduction

Leading real estate developer acquired a 53.5-acre land parcel in Bengaluru’s Anekal Taluk, offering 6.4 million square feet of saleable area and potential gross development value exceeding Rs 4,800 crore.

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Share price movement of Puravankara

On December 23, 2025, Puravankara Ltd opened at ₹248.90, up 3.46% from its previous close of ₹240.55. The stock reached a high of ₹274.35 (14.02%) and a low of ₹248.00 (3.12%). By 11:23 AM, it traded at ₹269.50, a 12.03% increase, with a market capitalization of ₹6,391.18 crore.

Puravankara Acquires 53-Acre Bengaluru Land

Puravankara Limited acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, on December 23, 2025. The acquisition strengthens the company’s presence in the city’s emerging residential growth corridors.

The land parcel at Attibele Hobli has a saleable area of 6.4 million square feet. The site is strategically located with strong connectivity and improved infrastructure supporting residential development.

The acquisition aligns with Puravankara’s expansion strategy across Bengaluru micro-markets. The project has a potential gross development value of over Rs 4,800 crores, reflecting the company’s focus on high-value residential projects.

Stock performance of Puravankara for Period of 1 week, 6 months, and 1 year

Puravankara Ltd delivered a -0.31% return over the past week. It declined 17.5% over the past six months and fell 39.4% over the past year.

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Shareholding pattern of Puravankara

ParticularsSep 2025Jun 2025Mar 2025
Promoter75.00%75.00%75.00%
FII17.20%17.30%17.30%
DII1%1%0.80%
Public7.30%7.10%6.90%

About Puravankara

Puravankara Ltd (NSE: PURVA), headquartered in Bengaluru, is a leading real estate group with residential, commercial, and interior design projects, completing 93 developments totaling 55 million sq ft across nine Indian cities.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Puravankara Ltd share price going up today?

A: Puravankara Ltd share price is rising after acquiring 53.5-acre land in Bengaluru’s Anekal Taluk with 6.4 msft saleable area and potential GDV over Rs 4,800 crore.

Q: What does Puravankara Ltd specialize in?

A: Puravankara Ltd specializes in residential, commercial, and interior design real estate projects across India, delivering high-quality developments and integrated solutions.

Q: What is the 52-week high and low of Puravankara Ltd stock?

A: Puravankara Ltd stock has a 52-week high of ₹418.00 and a 52-week low of ₹205.05 as per recent data.

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